Civic Intelligence

The Canary Fund

EIN 65-1230251 • 501(c)3 • Woodside, CA

Profile

Canary Foundation is the world's first non-profit organization dedicated solely to the funding, discovery and development of tests for early cancer detection.

PO Box 620134Woodside, CA 94062

www.canaryfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.06x

Higher debt load relative to assets than 49% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

47th percentile

0.06x

Higher debt load relative to revenue than 47% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

48th percentile

3.7%

Higher net margin than 48% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

64th percentile

9.6%

Faster asset growth than 64% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

28th percentile

-4.8%

Faster revenue growth than 28% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,850,228

Up $162,310 (+9.6%) from 2023

Liabilities

Up

$115,382

Up $91,699 (+387%) from 2023

Net Assets

Up

$1,734,846

Up $70,611 (+4.2%) from 2023

Revenue

Down

$1,792,816

Down $90,496 (-4.8%) from 2023

Expenses

Up

$1,727,013

Up $374,422 (+28%) from 2023

Net Income

Down

$65,803

Down $464,918 (-88%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0-$10MAssets 2011: $12,752,705Liabilities 2011: $12,003,219Net Assets 2011: $749,4862011Assets 2012: $15,273,665Liabilities 2012: $22,421,526Net Assets 2012: -$7,147,8612012Assets 2013: $9,626,774Liabilities 2013: $16,931,147Net Assets 2013: -$7,304,3732013Assets 2014: $13,709,562Liabilities 2014: $14,166,699Net Assets 2014: -$457,1372014Assets 2015: $10,651,818Liabilities 2015: $14,481,988Net Assets 2015: -$3,830,1702015Assets 2016: $9,262,055Liabilities 2016: $13,650,248Net Assets 2016: -$4,388,1932016Assets 2017: $3,897,958Liabilities 2017: $8,327,051Net Assets 2017: -$4,429,0932017Assets 2018: $3,575,137Liabilities 2018: $7,318,927Net Assets 2018: -$3,743,7902018Assets 2019: $6,529,556Liabilities 2019: $5,277,087Net Assets 2019: $1,252,4692019Assets 2020: $2,590,779Liabilities 2020: $2,300,334Net Assets 2020: $290,4452020Assets 2021: $632,764Liabilities 2021: $614,445Net Assets 2021: $18,3192021Assets 2022: $1,170,913Liabilities 2022: $45,411Net Assets 2022: $1,125,5022022Assets 2023: $1,687,918Liabilities 2023: $23,683Net Assets 2023: $1,664,2352023Assets 2024: $1,850,228Liabilities 2024: $115,382Net Assets 2024: $1,734,8462024

Highlighted filing

2024

Assets$1,850,228
Liabilities$115,382
Net Assets$1,734,846

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$10M$0-$10MRevenue 2011: $11,795,887Expenses 2011: $3,748,507Net Income 2011: $8,047,3802011Expenses 2012: $17,836,6382012Revenue 2013: $1,879,764Expenses 2013: $2,467,782Net Income 2013: -$588,0182013Revenue 2014: $9,257,529Expenses 2014: $2,189,673Net Income 2014: $7,067,8562014Revenue 2015: $3,326,456Expenses 2015: $6,955,688Net Income 2015: -$3,629,2322015Revenue 2016: $2,222,535Expenses 2016: $3,008,557Net Income 2016: -$786,0222016Revenue 2017: $2,745,404Expenses 2017: $2,907,402Net Income 2017: -$161,9982017Revenue 2018: $3,072,122Expenses 2018: $2,446,360Net Income 2018: $625,7622018Revenue 2019: $5,877,404Expenses 2019: $838,453Net Income 2019: $5,038,9512019Revenue 2020: $2,702,998Expenses 2020: $3,809,221Net Income 2020: -$1,106,2232020Revenue 2021: $664,526Expenses 2021: $936,652Net Income 2021: -$272,1262021Revenue 2022: $2,494,481Expenses 2022: $1,374,478Net Income 2022: $1,120,0032022Revenue 2023: $1,883,312Expenses 2023: $1,352,591Net Income 2023: $530,7212023Revenue 2024: $1,792,816Expenses 2024: $1,727,013Net Income 2024: $65,8032024

Highlighted filing

2024

Revenue$1,792,816
Expenses$1,727,013
Net Income$65,803

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.85$0.12$1.73$1.79$1.73$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.69$0.02$1.66$1.88$1.35$0.53
2022Detailed filing. Detailed filing data is available for this year.$1.17$0.05$1.13$2.49$1.37$1.12
2021Detailed filing. Detailed filing data is available for this year.$0.63$0.61$0.02$0.66$0.94$0.27
2020Detailed filing. Detailed filing data is available for this year.$2.59$2.30$0.29$2.70$3.81$1.11
2019Detailed filing. Detailed filing data is available for this year.$6.53$5.28$1.25$5.88$0.84$5.04
2018Detailed filing. Detailed filing data is available for this year.$3.58$7.32$3.74$3.07$2.45$0.63
2017Detailed filing. Detailed filing data is available for this year.$3.90$8.33$4.43$2.75$2.91$0.16
2016Detailed filing. Detailed filing data is available for this year.$9.26$13.7$4.39$2.22$3.01$0.79
2015Detailed filing. Detailed filing data is available for this year.$10.7$14.5$3.83$3.33$6.96$3.63
2014Detailed filing. Detailed filing data is available for this year.$13.7$14.2$0.46$9.26$2.19$7.07
2013Detailed filing. Detailed filing data is available for this year.$9.63$16.9$7.30$1.88$2.47$0.59
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.3$22.4$7.15$17.8
2011Summary only. Only limited summary data is available for this year.$12.8$12.0$0.75$11.8$3.75$8.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$1,792,816
Mission and Program Overview

Mission

Canary Foundation is the world's first non-profit organization dedicated solely to the funding, discovery and development of tests for early cancer detection.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$760,329$1,231,651▲ $471,322
Cash and Non-Interest-Bearing Accounts$292,799$461,079▲ $168,280
Pledges and Grants Receivable$468,333$125,000▼ $343,333
Land, Buildings, and Equipment, Net$46,265$32,498▼ $13,767
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,687,918$1,850,228▲ $162,310
Other Assets Total$120,192$0▼ $120,192
Liabilities
Accounts Payable and Accrued Expenses$23,683$115,382▲ $91,699
Total Liabilities$23,683$115,382▲ $91,699
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,085,709$1,609,846▲ $524,137
Net Assets With Donor Restrictions$578,526$125,000▼ $453,526
Total Net Assets Fund Balance$1,664,235$1,734,846▲ $70,611
Total Liabilities and Net Assets / Fund Balance$1,687,918$1,850,228▲ $162,310

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$32,498$38,420$70,918
Other Land Buildings-$8,830$8,830
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Heidi AumanProgram ManagerFT$180,600$180,600

Board Members and Trustees

NameTitle
Dale JantzenDirector
Hilary ValentineDirector
Michael BallDirector
Don ListwinFounder & CEO
Kevin KennedyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,755,058
Program Service Revenue
$0
Investment Income
$37,758
Other Revenue
$0
All Other Contributions
$1,755,058
Change in Net Assets
$65,803

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$98,576Fair Market Value (FMV)
Food Inventory1$49,555Fair Market Value (FMV)
Total Noncash Contributions2$148,131-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,291,597
Salaries, Compensation, and Employee Benefits$265,250
Other Expenses$170,166
Total Fundraising Expense$121,497
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,256,597--$1,256,597
Other Salaries and Wages$109,700$43,358$6,441$159,499
Payroll Taxes$52,153$22,574$3,062$77,789
Foreign Grants$35,000--$35,000
Pension Plan Contributions$18,747$8,114$1,101$27,962
Fees for Services Other--$16,610$16,610
Travel$14,090--$14,090
Depreciation Depletion$13,461$305-$13,766
Fees for Services Accounting-$8,794-$8,794
Insurance-$4,230-$4,230
Other Expenses$10,535$2,674$94,283$2,674
All Other Expenses-$1,254-$1,254
Office Expenses-$374-$374
Interest-$310-$310
Information Technology$172--$172
Total Functional Expenses$1,510,455$95,061$121,497$1,727,013
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of WashingtonSeattle, WA-Cancer Research$470,200
UC San Diego FoundationLa Jolla, CA-Cancer Research$200,000
Stanford School Of MedicinePalo Alto, CA-Cancer Research$158,900
Stanford UniversityStanford, CA-Cancer Research$126,997
Beth Israel Deaconess MedicalBoston, MA-Cancer Research$62,000
Seattle Inst Biomedical ClinicalSeattle, WA-Cancer Research$60,000
Urology of VirginiaVirginia Beach, VA-Cancer Research$56,000
University of Texas Health CtSan Antonio, CA-Cancer Research$55,000
UCSF FoundationSan Francisco, CA-Cancer Research$35,000
University of MichiganEast Lansing, MI-Cancer Research$32,500

International Summary

Spending
$35,000

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
CanadaFunding of Cancer ResearchGrant00$35,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

In accordance with common practice in the nonprofit community, the Board delegates certain matters to The Executive Committee, which is empowered to act between board meetings if necessary, and sometimes with specifically delegated authority to act in particular areas on behalf of the full board.

Form 990, Part VI, Section A, Line 2

Board members Don Listwin (President) and Hilary Valentine (Director) are related to each other as husband and wife. Board member Don Listwin sits on the Board of directors of fellow board member Michael Ball's company.

Form 990, Part VI, Section B, Line 11B

Form 990 is prepared by an outside tax professional. The form is then reviewed by the organization's management. After a full review, the final version of the tax return is provided to all members of the organization's voting body. A representative of management authorizes the final form 990 which is then e-filed with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

Members of the Board of Directors review all potential conflicts of interest periodically. Top management and all Board members are required to disclose potential conflicts and any related party affiliations. The organization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.

Form 990, Part VI, Section B, Line 15A

Members of the board of directors review the compensation of all high-level personnel periodically in accordance with IRS rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Every effort is made to ensure that the process is thorough and transparent in accordance with IRS guidelines and the organization's policies and procedures.

Form 990, Part VI, Section B, Line 15B

Compensation of other personnel and highly compensated employees is reviewed periodically by members of management. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries and all related benefits. All decisions are then documented in personnel files.

Form 990, Part VI, Section C, Line 18

Tax returns are available for download from several websites and by request from the organization's office in Woodside California.

Form 990, Part VI, Section C, Line 19

All of the organization's governing documents, financial statements, and other legal filings are maintained in a secure environment and held available for inspection by tax authorities and the general public. Tax returns are posted annually to our website and to www.guidestar.org (where they are available for viewing as electronic copies) and are also available by request from the organization's office.

Filing and Contact Details

Filer

Filer Name
The Canary Fund
EIN
65-1230251
Phone
6506463200
Address
PO Box 620134, Woodside, CA 94062

Signing Officer

Name
Don Listwin
Title
Founder & CEO
Phone
6506463200
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Don Listwin
Formed
2004
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
3

Preparer

Firm
Regalia Berger & Berger Cpas
Address
103 TOWN COUNTRY DR STE K, DANVILLE, CA 94526
Preparer
Douglas W Regalia
Phone
9253140390
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Change in value of long-term pledges receivable = $4808

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IRS990/MissionDesc0Canary Foundation is a public charity exempt from U.S. federal income tax under Section 501(c)(3) of the Internal Revenue Code in the United States. Canary Foundation of Canada is a Public Foundation registered with the Canada Revenue Agency; Business Number 82906 8550 RROOO1.The Canary Foundation has assembled teams of cancer researchers recognized by their peers as leaders in their disciplines from across multiple institutions and disciplines to attack the problem of early detection in a new, collaborative, action-oriented manner with the foremost objective of translating research into clinical applications. Canary differentiators include: * Dedication to early detection * Leaders in collaborative science * Focused and managed research * Best-in-class talent * 100% of donations goes to researchOne of the first decisions the Science Team made was to choose ovarian cancer as a prototype for creating an early detection blood test to detect trace amounts of proteins called biomarkers pro
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IRS990/ProgSrvcAccomActy2Grp/Desc0Canary Ovarian Cancer Program: The goal of our ovarian research program is to develop a strategy to accurately identify ovarian cancers that would otherwise be lethal at a stage when they are readily curable. The program focuses on high grade serous ovarian cancer, which is the most common and lethal subtype, in order to have the highest impact on reducing ovarian cancer mortality. Our aims include understanding the earliest stages of cancer development in the fallopian tube, identifying molecular markers for early detection or prevention, and developing advanced imaging techniques for early detection of the disease. Development of blood and imaging tests follows a similar roadmap; both include biomarker discovery followed by validation, but they also involve different techniques and challenges.
IRS990/ProgSrvcAccomActy3Grp/Desc0Canary Lung Cancer Program:Canary is focused on developing diagnostics with high sensitivity and specificity to detect otherwise lethal lung cancers at a stage when they are readily curable. To this end, Canary has assembled a team of experts who are collaborating to discover and validate biomarkers for blood and imaging tests that together will identify individuals harboring lethal lung cancers so that they can be removed. The Canary Lung Cancer Program has supported the development and maintenance of critical biospecimen resources, blood biomarker discovery and validation, molecular imaging projects for early detection of lethal lung cancer, and epidemiology and modeling for effective lung cancer screening.(continued Sch O)
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Canary Prostate Cancer Program:The specific goals of the Canary Foundation Prostate program are to develop tests that can: 1) Identify lethal prostate cancers at an early (curable) stage; 2) Classify prostate cancers as either 1) potentially lethal; best treated with aggressive therapy b) non-lethal: suitable for continued monitoring without aggressive treatment. Given the large body of published but invalidated candidate markers for prostate cancer, we are focusing our initial efforts on evaluating the performance of a selected set of promising biomarkers. Candidate biomarkers are evaluated based on their ability to detect lethal prostate cancers at an early (curable) stage and to discriminate lethal from non-lethal prostate cancer. We are considering both fluid-based and tissue-based biomarkers for prognostic applications. The Canary Prostate Active Surveillance Study (PASS) enrolls men who opt for active surveillance of their early stage prostate cancer. Men are followed closely for signs of cancer progression, donating biospecimens and clinical data for a minimum of 5 years or until receiving treatment for their disease. The biospecimens and clinical data provide a valuable resource to test promising biomarkers and predictive tools for their use in the active surveillance setting.Canary Pancreatic Cancer Program:Canary is focused on developing diagnostics with high sensitivity and specificity to detect otherwise lethal pancreatic cancers at an early stage when they can be cured through surgical resection. We anticipate that no single biomarker will be sufficient to create a test with the required sensitivity and specificity to detect pancreatic cancer early. Instead, a definitive diagnosis will rely upon combinations of biomarkers and upon blood and imaging tests used together. To this end, the Canary pancreatic cancer researchers have collaborated to discover and validate biomarkers that will provide the basis for blood and imaging tests for the early detection of pancreatic cancer. Canary Collaborations Program:Canary Foundation believes that a collaborative, coordinated approach is necessary to achieve our goals. Our multi-disciplinary, multi-institutional Early Detection Program provides a great example of this philosophy in action. Our foundation partnerships link mutual scientific expertise and entrepreneurial spirit in the hopes of advancing research in the diagnostic arena of early cancer detection. We partner with research institutions, foundations, industry and government organizations. Collaborating programs include the Canary Center at Stanford and the CRUK Cambridge Centre Early Detection Programme at the University of Cambridge in England. We provide scientific program management to make sure that all funded research activities among the scientists and clinicians at the various partner institutions are on track and that any obstacles are rapidly addressed and overcome.
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